International news
News from wire services and other publishers.
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Chinese brokerages get in line with Beijing’s crackdown on overseas stock trading
Some securities companies have begun to clean up non-compliant overseas stock trading by mainland Chinese investors following a regulatory crackdown that started months ago with fines on Tiger Brokers and Futu…
Australia’s central bank lifts rates to 15-year high, signals risk of further hikes
Reserve Bank of Australia raises rates by 25 bps to 4.6%, bringing the tightening this year to a full percentage point
AMD acquires ‘godmother of AI’ Li Fei-Fei’s start-up as battle with Nvidia intensifies
US chip giant Advanced Micro Devices (AMD) has agreed to acquire World Labs, the artificial intelligence start-up founded by renowned Chinese-American computer scientist Li Fei-Fei, for US$8.2 billion in an all-stock…
Meralco begins search for suppliers of 900-MW power requirement
The Manila Electric Company (Meralco) on Tuesday announced that it has started the bidding or competitive selection process (CSP) for suppliers of its 900-megawatt (MW) baseload power requirement.
DOE to require oil firms to submit monthly info on fuel costs
The Department of Energy (DOE) said Tuesday the suspension of excise taxes on liquefied petroleum gas (LPG) and kerosene would provide direct relief to Filipino households amid elevated global oil prices.
Future-ready: how Asia’s wealthiest should plan for the age of longevity
[The content of this article has been produced by our advertising partner.] Going by the figures alone, there is no escaping just how important investment in future planning has become for Asia’s high-net-worth (HNW)…
Shein drops 14% to record low after profit misses in first results since Hong Kong IPO
Shares of Shein Global Holdings fell as much as 14 per cent to a record low in Hong Kong on Tuesday after the online fashion retailer posted a 67 per cent drop in second-quarter profit in its first earnings report…
NTC: Fine vs telcos for poor internet service not limited to NCR
The National Telecommunications Commission (NTC) on Tuesday said the show cause orders and the P100,000 daily fine against DITO Telecommunity Corporation (DITO), Globe Telecom Inc. (Globe), and Smart Communications…
World Bank: PH seen to unlock up to 7.1% of GDP with fiscal reforms
The Philippines could unlock between 3.6% and 7.1% of GDP in combined savings and additional revenue annually by broadening the tax base, improving collection efficiency, and making public spending more efficient and…
The Digital Money Revolution: How a trillion-dollar transformation unfolded in Southeast Asia without much notice
The region’s 680 million people largely skipped the credit card era and went straight to mobile-first payments and, in the process, accelerated the buildout of digital payment infrastructure at scale.
